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Extra info for Value Management of Construction Projects

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1. Fig. 1 The lever of quality (after Winston Davies). The lever of quality diagram (Fig. 1) influenced thinking incorporated in the lever of value discussed later in this book. Retaining value management as a technique for competitive advantage still exists as illustrated by the total value management methodology outlined by the Ford Motor Company (Financial Times, 11 March 2002). To understand the transference of the value management principle from its original place of conception in the manufacturing industry it is necessary to Developments in Value Thinking 29 appreciate the characteristics of value management in a manufacturing context.

Practical constraints imposed on the study itself. From this, it was identified that the process of value management could be broken down into three main areas: the inputs required for a study (now termed the orientation and diagnostic phase); the process of value management during a workshop (now termed the workshop phase), and the outputs of the value management workshop (now termed the implementation phase). At each stage of the study it was identified that a number of steps are undertaken. For each step there are a number of techniques available, the most appropriate depending upon the circumstances.

The absence of the client would indicate that the client's value system is embedded in the design to date. This is non-conflict orientated but the incentive for change is limited. SCS4, where the personnel involved are a study facilitator together with an independent audit design team. The project would have reached sketch design and, while the team might address level 2 issues, in the absence of a client representative the team would be more likely to be concerned with levels 3 and 4. The absence of the client would indicate that the client's value system is embedded in the design to date.